The automaker is asking its nearly 3,000 dealers to invest upward of $1 million for upgrades to sell all-electric vehicles. Go to Source
Author: CNBC Online news
Volvo starts series production of heavy-duty electric trucks, targets 50% of sales by 2030
Company faces growing competition in emerging sector. Go to Source
Chrysler to end production of 300 sedan after rolling out limited edition V-8 model
The 2023 Chrysler 300C will be powered by a 6.4-liter V-8 Hemi engine that produces 485 horsepower and 475 foot-pounds of torque. Go to Source
Nikola founder Trevor Milton stands trial on fraud charges, capping a stunning rise and fall
The founder of electric semitruck maker Nikola Motor is standing trial on fraud charges related to statements he made about the company’s technology and products. Go to Source
Ferrari just revealed its first-ever 4-door model, a high-riding and powerful sports car called the Purosangue
Ferrari’s new Purosangue is an SUV-like sports model, with four doors and a powerful V12 engine. Go to Source
Why Toyota – the world’s largest automaker – isn’t all-in on electric vehicles
Toyota doesn’t believe battery-electric vehicles are the only solution to producing more sustainable vehicles and achieving carbon neutrality. Go to Source
How the U.S. got hooked on big cars — despite their downsides
American cars are big — from classic Cadillacs to today’s full-size SUVs and full-size pickups. Go to Source
Ford expands hands-free driving system to $40,000 Lincoln Corsair crossover
The 2023 Corsair, starting at about $40,000, will be the lowest-priced vehicle in the company to offer the technology. Go to Source
Why urban streets around the world are going car-free
Some city streets around the world are going car-free to make way for pedestrian plazas. Walkability is gaining popularity, especially with younger generations. Go to Source
Tesla could start building a lithium refinery for EV batteries in Texas this year
Tesla said the plant would be focused on the development of “battery-grade lithium hydroxide” and be “the first of its kind in North America.” Go to Source